EFCC Alerts NPOs on Risks of Terrorist Financing

The Economic and Financial Crimes Commission (EFCC) has issued a warning to non-profit organizations (NPOs) in Nigeria to safeguard against infiltration by terrorist networks seeking to exploit the sector for financing terrorism. EFCC Chairman Ola Olukoyede made this statement during the launch of the National Terrorist Financing Risk Assessment for NPOs in Abuja on Tuesday.

He highlighted the critical role NPOs play in Nigeria's socio-economic framework by providing humanitarian aid and support in education and healthcare. Olukoyede stressed that ensuring the integrity of this sector is vital for national security and maintaining public trust in charitable organizations.

The assessment aims to provide an evidence-based understanding of the terrorist financing risks associated with the NPO sector, which will inform the development of appropriate regulatory and supervisory measures. Senator Abubakar Baguda and EFCC officials, including Harri Erin, emphasized the importance of stakeholder collaboration and knowledge sharing in combating economic crime and enhancing financial integrity in the country.